EURUSD is nearing the completion of a highly confluent bearish PRZ. The projections and retracements of two harmonic patterns coincide in a tight area of resistance which falls in a broad area of S/R. Entry is placed at .786CD with SL at 1.13XA and target at .382CD.
Confluence in the PRZ:
Confluence in the PRZ:
- Bearish Cypher
- 1.618BC Projection (Cypher)
- 2.272AB=CD (Cypher)
- Bearish Crab
- 4.5BC Projection (Crab)
- 1.5AB=CD (Crab)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.